Purdue University trustees OK early-retirement offer
Officials are expecting up to 500 total professors and staff members who are at least 60 to leave their jobs.
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Officials are expecting up to 500 total professors and staff members who are at least 60 to leave their jobs.
Kokomo-based Bach Morris Technologies Corp. will spend $2.4 million to produce “Whoever Heard of a Herd of Fird?”
a movie based on company co-founder Othello Bach’s 1984 best-seller “Whoever Heard of a Fird?” A Ball State
University commercial spinoff will provide production and design services.
Under the terms of the deal, Simon paid about $700 million for the owners’ interests in Baltimore-based Prime Outlets and
assumed $1.55 billion of Prime’s debt and preferred stock.
Including debt obligations, the CIB’s total budget for 2011 is expected to be $104.4 million. The City-County Council is set
to receive the budget at its Sept. 20 meeting and could approve it Oct. 25.
Brian F. Knapp has joined Colliers International’s Indiana Region office as senior adviser for retail services and special assets.
On a seasonally adjusted basis, the pace of mortgage loan activity increased 4.9 percent for the week ended Aug. 20, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 4.55 percent from 4.6 percent the previous week. The rate for 15-year mortgages fell to 3.91 percent from 3.99 percent.
-Rugby IPD renewed its lease for 52,800 square feet of industrial space at 8200 Allison Ave. The tenant was represented by
J.D. Graves of Cassidy Turley. The landlord, ProLogis, was represented by Andrea Hopper of
ProLogis.
-Green Wave Computer Recycling leased 19,200 square feet of industrial space at 9208 E. 33rd St. The tenant was represented
by J.D. Graves of Cassidy Turley. The landlord, Duke Realty, was represented by Kate Willen
of Duke.
-Hill Fulwider McDowell Funk & Matthews Professional Corp. leased 9,951 square feet in the Regions Bank Tower. The tenant
was represented by Tom Hadley of Summit Realty Group. The landlord, One Indiana Square Associates, was represented
by Ralph Balber and Kelli Dugan of Halakar Real Estate.
-Michael’s South Shore Restaurant leased 5,100 square feet at the Geist Centre Shopping Center, 11705 Fox Road. The
tenant was represented by Kyle Hughes of Veritas Realty LLC. The landlord, Geist Station LLC, was represented
by Matt Parsons of Phillips Edison & Co.
-American Family Dental Group-Bloomington LLC leased 3,025 square feet of office space at 770 N. Green St., Brownsburg. The
tenant was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The landlord,
Six Cap LLC, was represented by Larry Harshman of Harshman Property Services LLC.
-AD-IN Inc. leased 2,494 square feet of office space at 1980 E. 116th St., Carmel. The landlord, Stratford Center LLC, was
represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The tenant represented
itself.
-CIT Group leased 1,922 square feet in Castle Creek V, 5750 N. Castle Creek Parkway. The landlord, Blue Real Estate, was
represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners. The tenant represented
itself.
-Zionsville Chiropractic and Rehabilitation Center LLC leased 1,592 square feet of office space at 8870 Zionsville Road.
The tenant was represented by Bennett M. Williams and Andrew D. Martin of Cassidy Turley.
The landlord, MDD Office Partners LLC, was represented by Joe Lonnemann and Matt Jackson
of Halakar Real Estate.
-Med-Link Inc./Consolidated Brokerage Services LLC leased 1,463 square feet of office space at 3077 E. 98th St. The landlord,
BREOF Keystone REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy
Turley. The tenant represented itself.
-Texano Grill leased 1,400 square feet at Shadeland Corner Shopping Center, 4558 N. Shadeland Ave. The tenant was represented
by Kelli Membrano of Libertad Real Estate. The landlord, Shadeland Center LLC, was represented by Keith
Kleinmaier of Retail Realty.
-Berkley Risk Administrators leased 1,313 square feet in Castle Creek III, 8720 Castle Creek Parkway. The landlord, Blue
Real Estate, was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners.
The tenant represented itself.
-Timothy McSoley leased 1,090 square feet at Castle Creek IV, 5875 N. Castle Creek Parkway. The landlord, Blue Real Estate,
was represented by Matt Langfeldt and Rich Forslund of NAI Olympia Partners. The tenant
represented himself.
-Carmel-based Platinum Group bought Aspen Village Apartments, a 220-unit complex at 3510 Kebil Drive on the west side. The
list price was $1.9 million. The sale price was not disclosed. The buyer was represented by Chad Stickley and
Michael Wernke of Marcus & Millichap. The seller, CW Capital, was represented by Tikijian Associates.
-Reverie Estates bought the St. Regis, a 72-unit apartment building at 26 E. 14th St. The price was not disclosed. The buyer
was represented by Sandra Jarvis of IndySquared Commercial Properties. The seller, James Candler, was represented
by Scott Pollom of Cassidy Turley.
-JJ Properties LLC bought a 2,000-square-foot office building at 745 E. 107th St. The price was not disclosed. The buyer
was represented by Jeff Wright of Indy Properties. The seller, Mr. Window Inc., was represented by Bob
Lindgren of Grubb & Ellis Harding Dahm & Co.
Environmental and zoning issues had made the property at the southwest corner of Keystone Avenue and Kessler Boulevard difficult
to sell.
The most common error in the 2009 report was a foreign object such as a sponge left in a patient after surgery.
Indiana Gov. Mitch Daniels says he doesn't want to see trustees of the state's public colleges and universities asking
for more money at the Statehouse.
A private-equity firm backing Emmis CEO Jeff Smulyan’s buyout signed off on a compromise, but then changed its mind.
Police are searching for an armed robber who shot a woman Sunday morning inside her Lawrence home where three children were
sleeping. The victim told police she was playing cards with friends about 6 a.m. when two people broke in. One suspect, who
went by the name “T,” demanded she lie on the ground and give up her money, reports said. He shot her in the leg
and took off, according to police, then the suspects left in a small, gray car with tinted windows.
Three juveniles driving a black and silver pickup truck were taken into custody Monday morning after a police chase on the
west side. The chase began following a reported burglary at 4500 Vinewood Road and ended east of 71st Street and Georgetown
Road. No one was injured during the chase.
The cause of a fire at a southeast-side house is under investigation after flames destroyed much of the second story and threatened
neighbors’ homes. The blaze occurred about 12:30 a.m. Monday near Combs and County Line roads. The homeowner and his
wife were sleeping when a neighbor pounded on the door to alert them of the fire. Fox59 will have more at 4 p.m.
The 62-unit project called National Apartments on the Monon is the latest phase of the Martindale on the Monon redevelopment
project, which began in 2005. The developer is Indianapolis-based Development Concepts Inc.
One perspective shows top-selling teams working just as hard to sell 27 percent less.
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier
Properties USA Inc. developed Metropolis, with an investment of $160 million.
The economic impact of the MotorGP weekend is almost 20 percent of the entire Indiana Pacers season and more than 10 percent
of the Indianapolis Colts season. Not bad for an event the city puts almost nothing into. And it could be so much more.
Indianapolis’ Department of Public Works Board and its City-County Council Rules and Public Policy Committee both will meet
on Monday to consider the long-term deal. It would need approval from the City-County Council before taking effect.